Without the financial support of major investors, CCA and GEO alone would not be strong enough to successfully lobby for policies that increase government demand for private prisons. With these powerful allies, however, they have been able to sway public policy in favor of more severe “tough on crime” laws and the increasing criminalization of immigrants.
The following 39 major financial investors each own over 1 million shares of CCA and GEO combined, and collectively own over two-thirds of CCA and GEO:[i]
The Million Shares Club & Prison Lenders
x Lee Danner & Bass Inc.
x Vaughan Nelson Investment Management, L.P.
x Wells Fargo & Company